By Sydney Isenberg & Brandon Richard | Denver7
DENVER — The Denver City Council on Monday unanimously voted to approve the $950 million Vibrant Denver bond proposal, sending it to voters in November.
Mayor Mike Johnston said the $950 million bond will invest in the city’s future and provide an economic boost without raising taxes. The city’s finance director said it could cost taxpayers nearly $2 billion to repay the bond.
Small amendments were made to the proposal during Monday’s city council meeting. Ultimately, the council voted 13-0 to allow the proposal onto the November ballot.
Earlier this month, Denver7 reported how some council members were upset that a preliminary list didn’t include cost estimates. Others were disappointed that proposed projects in their districts were left off the list.
The mayor’s team met with council members to hear their concerns and released a revised project list. The changes bumped the proposal cost to nearly one billion dollars.
In a statement, Mayor Johnston praised the city council for its decision, saying the city is “ready to invest in what matters.”
“A stronger, safer, more connected Denver starts in our neighborhoods.
With City Council’s final stamp of approval on the Vibrant Denver Bond, we’re ready to invest in what matters: safer streets, modern libraries, rec centers, our beautiful parks and an upgraded animal shelter, all without raising taxes.
Thank you to City Council for your leadership, and to every Denverite who spoke up for your family, your neighbors and our future. Together, we are building a more vibrant Denver for everyone.”
Denver City Council Member Darrell B. Watson, a strong supporter of the bond, also issued a statement, saying the bond will “deliver significant improvements citywide and in District 9.”
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